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Ports of Auckland Volumes Index Update

Thursday 25 November 2004

Ports of Auckland Volumes Index Update www.poal.co.nz

Total container volumes* for the 12 months to end-October 2004 were unchanged at 655,387 TEUs (as compared to the 12 months to end-October 2003) with volumes for the month down 5% on October 2003.

Full import container volumes were up 2% and full export container volumes were down 1% for the 12 months to end-October 2004. For the month of October 2004, full import container volumes were down 3% and full export container volumes were unchanged on October 2003.

Transhipment** volumes were down 4% for the 12 months to end-October 2004 and down 20% for the month of October 2004.

Containers comprise approximately 70% of Ports of Auckland’s throughput and about 85% of business activity.

Breakbulk (non-containerised) volumes were up 6% to 4.8 million tonnes for the 12 months to end-October 2004. October volumes were down 3% on October 2003.

* Container volumes are measured in TEUs (20-foot equivalent units – or the size of a standard 20-foot container).

** Transhipment containers are discharged at Auckland and reshipped on another vessel to international or other New Zealand destinations.

To access the Ports of Auckland Volumes Index: After entering our homepage www.poal.co.nz click on the Ports of Auckland Volumes Index link below the announcement and graph pics at the top of the homepage. Or, after entering our homepage click on the Investor Centre button on the left-hand menu. Scroll down the Investor Centre page.

ENDS

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